Practices for Sale
Current Medical Practice Listings
Practices are advertised confidentially. To protect each vendor, practice names and exact locations are released to qualified buyers once a Confidentiality Agreement is signed.
Key Features
- 6 GPs with equivalent consult and treatment rooms
- Fully staffed: practice manager, reception and nurse
- Nearby retirement village provides a large referral base
- On-site pathology and allied health providing rental income
- Long tenure or freehold purchase available
- Owner doctor wishing to stay on
- Extensive hours with potential to expand
- Fully accredited
Southern Melbourne, VIC
Golden Opportunity to Buy Busy Medical Clinic in Outstanding High Exposure Locale
SOLDAnother practice wanted – list yours with us.
- 6GPs
- $2.3M+Patient fees (23/24)
- >$550KEBITDA
- MM1Zoning
Situated in a thriving, high-growth southern suburb, this prime location boasts excellent visibility and easy access to a wide range of amenities and residential neighbourhoods, all conveniently positioned along a main road. The clinic is long established with a large patient base and provides all aspects of general practice and some more specialised services.
List Your PracticeCall 0418 124 560
This practice has been sold. We have qualified buyers looking for similar practices. Contact Dr Philip Baker for a confidential appraisal of yours.
Thinking of Selling Your Medical Practice?
List your practice with us. We have a database of pre-qualified buyers actively looking for GP clinics and medical centres across Melbourne and regional Victoria. Talk to us about a confidential appraisal and a sale strategy that protects your patients, doctors and goodwill.
How Selling a Practice Works
Our stages of selling take you from a confidential appraisal through to settlement and handover, with Dr Philip Baker managing each step and protecting your patients, staff and goodwill.
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Practice Appraisal & Pre-Sale Preparation
We review three years of P&L statements, tax returns, fee schedules and billing data to establish your practice’s true value, then help resolve any operational, HR or lease issues early so it presents as a turnkey practice and achieves the best possible price.
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Confidentiality & Finding the Right Buyer
We approach our private database of pre-qualified buyers who have already set their location and budget. No identifying details are released until a buyer has been vetted financially and clinically and has signed a Non-Disclosure Agreement.
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Negotiation & Heads of Agreement
Dr Philip Baker, a practising clinician for 28 years who has been both a vendor and a purchaser, handles negotiations with honesty and transparency, resolving hurdles and securing competitive terms in a formal Heads of Agreement.
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Liaising with the Professionals
We are your central point of contact, keeping communication open with your healthcare accountant, solicitor, landlord and financiers through financial verification, legal documents, lease changeovers and finance approvals.
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Contract Signing & Settlement
We work alongside your solicitors as they finalise the Contract of Sale, vendor disclosure statement and lease assignment, ensuring a smooth contract signing and protecting your interests through to final settlement.
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Post-Sale Transition
If you plan to stay on for a transition period, we help negotiate your contractor or employment agreement, and oversee the handover of patient goodwill and staff continuity for a stress-free exit.
How Buying a Practice Works
Our stages of purchasing take you from first conversation to settlement, with Dr Philip Baker coordinating each step alongside your accountant, solicitor and financier.
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Initial Enquiry
Contact us to talk through what you are looking for. We will share general information on suitable practices and record your buying criteria.
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Confidentiality Agreement
Sign our Confidentiality Agreement to access detailed information about the practices that interest you.
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Investigation
Review the information memorandum and financials, and get advice from your accountant, solicitor and financier.
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Meet & Inspect
Meet with Dr Philip Baker, then inspect the premises and the business in person.
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Heads of Agreement
Once terms are agreed, a Heads of Agreement is signed and a deposit paid. Your solicitors then prepare the contract, including any landlord consents and approvals.
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Exchange & Finance
After contracts are exchanged, both parties prepare for settlement: finance approval, contract conditions and assignment of the lease.
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Settlement & Handover
The final payment is made to the vendor and you take control of the practice, with our support through the handover.
Frequently Asked Questions
What should I consider when evaluating a medical practice for sale?
Key factors include financial performance, billing mix, patient base, doctor retention and contracts, location, lease security, accreditation and growth potential.
Can I buy a medical practice if I am not a doctor?
Yes. Non-doctors can own a medical practice in Australia, but clinical services must be delivered by registered practitioners and the business must meet all regulatory and accreditation requirements. We can explain the structures commonly used.
What happens to the existing doctors after a sale?
Doctor retention is central to a practice's value. Many sales include the principal or associate GPs staying on under new service agreements, and we help negotiate these arrangements.
What are the common challenges when buying a medical practice?
Typical challenges include reviewing doctor service agreements (including payroll tax exposure), transferring staff and contracts, lease assignment, agreeing financial terms and integrating new systems.
How long does it take to buy a medical practice?
It varies with the size of the practice, the due diligence required and negotiations, but it typically ranges from a few months to over a year.